Prediction markets emerged from the midterm elections with a victory and a looming challenge. Polymarket and Kalshi largely anticipated Democrats’ strong showing, reinforcing claims that trading activity can provide forecasts. Their success, however, may bring tougher scrutiny as Democrats prepare to take a more assertive oversight role in Congress.
What leading crypto firms like Riot Blockchain Inc. (NASDAQ: RIOT) wish is to see a stable regulatory system that isn’t dependent on who is in the White House or which party has majorities in Congress. Such regulatory certainty would enable…
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